In case your interested, here are all those friendly folks who said Apple shares would hit $1,000. Sure, some of these folks still have time, as in Apple might indeed reach $1,000 a share in their time frame, but it's not looking too good for most of these analysts/bloggers/prognosticators/experts/founders.
Yes, about six months ago everyone on TV and across the web was pretty much saying Apple's stock would never go down. They said $1,000 for Apple shares was a foregone conclusion. And Apple shares certainly wouldn't go down under $400 a share, that would be absurd to even consider. Well,

Some more truth from James Altucher: the only people who make money on Wall Street are the long term holders who start companies, funds that charge fees, the high frequency traders, members of Congress trading on insider information, and a lot of hedge funds who will do pretty much anything to get access to insider information:

I know from personal experience. You’re smart, talented and yet you want to use those talents to do some hocus-pocus that you think will put you ahead of the other 5 million people who are trying to win in the markets: people a lot smarter

Comments Off on James Altucher Says Apple Should Sell for $1,000 a Share

Mind you, this is from May of 2011, before the passing of Steve Jobs and before the surge up near $500 a share. Now Altucher's $1000 a share price target for Apple is looking more and more like a very sensible call when a year or so ago this seemed absurd. Apple has close to $100 billion in cash and new products are on the way, from the iPhone 5 to the iPad 3 to Apple TV. Again, Apple is a stock you almost have to always buy on dips. However, those dips are getting tougher and tougher

Comments Off on James Altucher Could Care Less About the European Crisis

These potential defaults in Europe are not as big of an issue as the media makes them out to be. Who cares James says. The consumer spent money at amazing levels on Black Friday. Stock buy backs are increasing. The stock market is incredibly cheap right here.

The Real James Altucher
I'm sure you've seen James Altucher and his shaggy head of hair, perhaps his most famous feature, on CNBC or Yahoo Finance or the Business Insider, but there's also someone else who appears on Bloomberg from time to time, mostly on video from Moscow, who looks just like Altucher.
The Russian James Altucher
Below is Henry Meyer of Bloomberg News, who seems to act as Bloomberg's Russian expert of some sort, often reporting from Moscow, but he also bares an uncanny resemblance to James Altucher. There are some differences of course, the Russian James doesn't have

You should read the whole profile but the quote below stands out - greed ain't good:

Altucher, now remarried, credits intensive yoga, Eastern philosophy, and introspection for rescuing him and changing his perspective. In a Nov. 8 blog post, he reflects: “How much happier would I have been if I had said in 1999, ‘You know what, I have enough cash now to live forever and pursue creative, charitable, or spiritual pursuits so I could become a better person.’” (Bloomberg

The ever interesting and insightful James Altucher does a question and answer session once a week on Twitter, here he answers a question about the stock market's outlook for the next six months:
@artling asks: What do you think the outlook for the US market will be in six months?ANSWER: I can answer with a question: why would the US market go down? We just had good employment numbers this morning. Companies like Apple, Microsoft, Exxon, and Intel, all trade for less than 10 times forward earnings (historical average is 15 times earnings) and they are all growing (Apple

Yeah, your prostate would start to hurt if you owned shares of Dendreon (DNDN) this morning. From the WSJ:

Dendreon said sales of its controversial prostate cancer drug Provenge are growing slower than expected because doctors aren't comfortable with the complex task of getting reimbursed for the expensive treatment. Shares plunged 63% to $13.38 premarket.

Google is flying high after strong Q2 earnings while investors continue to snap up shares after the successful launch of Google+. On CNBC's Fast Money, James Altucher of Formula Capital says Google is going to $1500 a share! Yes, that's right, $1500 per share. Google's stock, which is hovering around $600 a share right now, would have to more than double if Altucher's prediction is to come true.
Sure, Mr. Altucher is known for his outrageous and headline grabbing predictions, but, as you listen to him more and more, he makes a lot of sense. He's talking about one of the

James Altucher joins the contrarian call to buy the home builders as he sees new homes sales increasing but new home starts falling. The supply is going down but demand is going up, he says. Altucher is not thing only one buying the home builders, hedge fund manager David Tipper made a similar call. Which in one sense seems crazy right now, so perhaps it's a wise move.
Mr. Altucher says the home builder stocks to buy are these:
I’d buy a basket of stocks in the industry, in particular the guys who have managed to post profits despite